True Corporation Public Company Limited

SET:TRUE Stock Report

Market Cap: ฿411.2b

True Corporation Future Growth

Future criteria checks 4/6

True's revenue is forecast to decline at 0.2% per annum while its annual earnings are expected to grow at 75% per year. EPS is expected to grow by 69.7% per annum. Return on equity is forecast to be 22% in 3 years.

Key information

75.0%

Earnings growth rate

69.7%

EPS growth rate

Telecom earnings growth11.2%
Revenue growth rate-0.2%
Future return on equity22.0%
Analyst coverage

Good

Last updated22 Apr 2025

Recent future growth updates

Recent updates

author-image

Calculated Expansion And ESG Initiatives Drive Profitability Amid 5G Revolution In Thailand

Nov 13 True Corporation's network modernization and strategic digital expansion drive revenue growth and improve profitability with sustainable EBITDA growth.

Earnings and Revenue Growth Forecasts

SET:TRUE - Analysts future estimates and past financials data (THB Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2027206,00220,74451,81094,89713
12/31/2026200,96818,03254,12189,97316
12/31/2025204,9598,54249,15677,66316
12/31/2024206,020-10,96633,15178,446N/A
9/30/2024239,441-17,65337,50493,993N/A
6/30/2024238,533-18,44130,42687,807N/A
3/31/2024236,554-18,88222,48782,544N/A
12/31/2023202,889-17,49714,11662,596N/A
9/30/2023150,001-16,452-2,00839,530N/A
6/30/2023132,677-17,611-13,71432,595N/A
3/31/2023117,619-16,053-16,63829,256N/A
12/31/2022135,076-18,285-20,88435,222N/A
9/30/2022143,268-5,081-20,01533,221N/A
6/30/2022143,626-2,927-15,23138,147N/A
3/31/2022143,368-2,464-20,74535,201N/A
12/31/2021143,655-1,428-23,49435,058N/A
9/30/2021138,671-1,640-35,23725,189N/A
6/30/2021138,713-933-31,99630,426N/A
3/31/2021138,793628-16,61945,743N/A
12/31/2020138,2121,048-37,17337,672N/A
9/30/2020139,4101,415-27,90441,382N/A
6/30/2020143,1384,169-35,92930,810N/A
3/31/2020142,8333,967-57,13313,237N/A
12/31/2019140,9435,637-31,98814,424N/A
9/30/2019136,9183,283-61,8286,776N/A
6/30/2019134,436525-64,5345,407N/A
3/31/2019161,7749,216-26,50335,801N/A
12/31/2018161,8207,035-31,87737,929N/A
9/30/2018167,14612,817N/A52,657N/A
6/30/2018166,03312,027N/A51,454N/A
3/31/2018140,0631,030N/A16,724N/A
12/31/2017139,519551N/A4,993N/A
9/30/2017134,699-5,441N/A-218N/A
6/30/2017132,352-7,290N/A-3,556N/A
3/31/2017128,162-6,127N/A-2,313N/A
12/31/2016124,719-2,814N/A8,096N/A
9/30/2016123,111-63N/A-1,330N/A
6/30/2016121,4353,528N/A-3,676N/A
3/31/2016119,4935,004N/A-7,310N/A
12/31/2015118,7814,412N/A3,333N/A
9/30/2015119,6065,803N/A2,841N/A
6/30/2015116,9362,110N/A9,252N/A
3/31/2015112,434-991N/A12,186N/A
12/31/2014109,2161,294N/A-3,644N/A
9/30/2014102,605-1,023N/A16,677N/A
6/30/201498,715-2,651N/A13,618N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TRUE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.1%).

Earnings vs Market: TRUE is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: TRUE is expected to become profitable in the next 3 years.

Revenue vs Market: TRUE's revenue is expected to decline over the next 3 years (-0.2% per year).

High Growth Revenue: TRUE's revenue is forecast to decline over the next 3 years (-0.2% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TRUE's Return on Equity is forecast to be high in 3 years time (22%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/28 11:35
End of Day Share Price 2025/04/28 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

True Corporation Public Company Limited is covered by 42 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Wei Shi WuBNP Paribas Securities (Asia)
Thitithep NophaketBofA Global Research
Prasit SujiravorakulBualuang Securities PCL